About iF returns
iF returns is a company based in Madrid (Spain) founded in 2020 by Galo De Reyna Torroba, Paul Obando, and Marcello V.. iF returns has raised $4.67 million across 2 funding rounds from investors including Lanai Partners, K Fund and Inveready. iF returns offers products and services including Returns Portal, Logistics Optimization Platform, and Value Recovery Platform. iF returns operates in a competitive market with competitors including Happy Returns, Loop Returns, NuvoEx, Blubirch and Returnly, among others.
- Headquarter Madrid, Spain
- Founders Galo De Reyna Torroba, Paul Obando, Marcello V
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.67 M (USD)
in 2 rounds
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Latest Funding Round
$3.02 M (USD), Series A
Nov 11, 2022
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Investors
Lanai Partners
& 4 more
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Employee Count
Employee Count
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Products & Services of iF returns
iF returns offers a comprehensive portfolio of products and services, including Returns Portal, Logistics Optimization Platform, and Value Recovery Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personalizable portal for quick e-commerce return processing.
Tool for real-time monitoring and optimization of returns logistics.
Intelligent system for turning returns into new sales opportunities.
Funding Insights of iF returns
iF returns has successfully raised a total of $4.67M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.02 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.0M
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First Round
First Round
(17 Nov 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - iF returns | Valuation | K Fund | |
| Nov, 2021 | Amount | Seed - iF returns | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iF returns
iF returns has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Lanai Partners, K Fund and Inveready. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in technology-based product and service companies.
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Founded Year | Domain | Location | |
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Inveready is recognized as a leading Spanish financial services firm.
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Founded Year | Domain | Location | |
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Venture capital investments in pre-seed startups across various industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iF returns
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - iF returns
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
If Returns Comparisons
Competitors of iF returns
iF returns operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Happy Returns, Loop Returns, NuvoEx, Blubirch and Returnly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Physical stores are operated for in-person returns of online purchases.
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| domain | founded_year | HQ Location |
Returns management solutions are offered for Shopify brands.
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| domain | founded_year | HQ Location |
Reverse logistics solutions are offered for Indian e-commerce returns.
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| domain | founded_year | HQ Location |
Provider of reverse supply chain automation platform
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| domain | founded_year | HQ Location |
Return management solutions are offered to eCommerce companies via SaaS.
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| domain | founded_year | HQ Location |
Provider of SaaS-driven reverse logistics platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about iF returns
When was iF returns founded?
iF returns was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is iF returns located?
iF returns is headquartered in Madrid, Spain. It is registered at Madrid, Madrid, Spain.
Who is the current CEO of iF returns?
Galo De Reyna Torroba is the current CEO of iF returns. They have also founded this company.
Is iF returns a funded company?
iF returns is a funded company, having raised a total of $4.67M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.65M, raised on Nov 17, 2021.
What does iF returns do?
Cloud based returns management platform that uses artificial intelligence to recover the value of returns. It offer solutions for managing time and cost associated with call center management, automating the generation of labels and refunds, predicting transport errors and generating real-time solutions, and reducing the carbon footprint of returns. It providers a unified customer platform that gives online brands direct ownership of consumer data and interactions.
Who are the top competitors of iF returns?
iF returns's top competitors include Happy Returns, Loop Returns and Blubirch.
What products or services does iF returns offer?
iF returns offers Returns Portal, Logistics Optimization Platform, and Value Recovery Platform.
Who are iF returns's investors?
iF returns has 5 investors. Key investors include Lanai Partners, K Fund, Inveready, Romeu, and Bergner Group.